March 4, 2021
DelfinGroup announces dividend payment of EUR 1,3 million
On March 3, 2021, the Shareholders' Meeting of AS DelfinGroup approved a decision on the pay out of quarterly dividends in the amount of EUR 1,3 million after tax. Dividends will be paid until 31 March 2021 and in compliance with the terms and conditions of the debt securities issues LV0000802213, LV0000802379 and LV0000802429.
Along the decision on dividend payout, Shareholders' Meeting approved dividend policy in new wording. As before, the adopted policy provides clear guidance for the company on regular quarterly dividend payout in the amount of up to 50% of quarterly profits and yearly dividend payout to maintain optimal balance of the company's capital structure. The dividend payout should also follow the commitments of the company and requirements set out by the laws of the Republic of Latvia.
AS DelfinGroup publishes dividend policy, which can be found here.
DelfinGroup is a licenced financial services company founded in 2009, which currently represents three brands - Banknote, VIZIA and Rīgas pilsētas lombards. The company employs 270 professionals at 91 branches located in 38 Latvian cities and towns. The estimated amount of taxes for year 2020 is EUR 3.42 million. DelfinGroup is a member of the Latvian Chamber of Industry and Commerce and has received the Gold level status within the cooperation programme of the Latvian State Revenue Service. The core services of the group include sale of pre-owned goods, pawn loans, consumer loans, and senior loans, the terms of which are specially adapted for seniors. The bonds of DelfinGroup are traded on the Baltic First North bond list of Nasdaq Riga.